AXIS BANK LTDAlış
3rd Wave of Flat correction (A+B=C)
Volume was shrinking when the rectangle pattern made a break out.
This means there is lack of buyers. After breakout it retraced 100% of breakout.
Now we can see a flat correction pattern with strong B- wave. Wave-B is between 101 to 123 % of wave –A.
Probability:
There is a chance wave-C will completely retrace wave-B
Method of Confirmation:
• Volume spike
• Price action
*Please confirm before taking a trade or investment .This is not a recommendation to Buy or sell.
This means there is lack of buyers. After breakout it retraced 100% of breakout.
Now we can see a flat correction pattern with strong B- wave. Wave-B is between 101 to 123 % of wave –A.
Probability:
There is a chance wave-C will completely retrace wave-B
Method of Confirmation:
• Volume spike
• Price action
*Please confirm before taking a trade or investment .This is not a recommendation to Buy or sell.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.